Tag Archives: Reimbursement

No TDS on reimbursement of bank guarantee commission u/s 194A

By | June 11, 2016

Held The impugned receipt would be in the nature of reimbursement of expenses incurred by it. In view of the above discussion, we do not find any merit in the order passed u/s.263 in respect of one of the possible view taken by the AO. Even on merit, we found that bank guarantee commission does… Read More »

Reimursement of telephone allowances and Hospitality cannot be treated as income of assessee

By | October 4, 2015

Hospitality and telephone allowances to assessee being in nature of reimbursement cannot be treated as income in hands of assessee and, consequently, non-inclusion of same in assessee’s return of income could not be treated as concealment of income and penalty was not called for IN THE ITAT CUTTACK BENCH Soumya Prakash Pattnaik v. Assistant Commissioner… Read More »